Look for evidence that confirms knowledge of

relevant legislation from all levels of government that affects business operation especially in regard to OHS and environmental issues equal opportunity industrial relations and antidiscrimination

requirements in CASR and TAMM regarding financial status of maintenance organisations

aircraft and aeronautical product maintenance and maintenance managementcertification requirements

financial planning within the organisation

budgeting

organisations intended aircraft and aeronautical product maintenance activities

consultative methods and processes

capital investment evaluation techniques

performance measurement

organisation roles in respect to financial delegations accountabilities and responsibilities

standards for organisational recordkeeping and audit requirements

Look for evidence that confirms skills in

analysis and interpretation of relevant financial information

development of formal estimates of reviews costs cash flows and logistic requirements

communicationconsultation to ensure all relevant groups and individuals are advised of what is occurring and are provided with an opportunity for input

cost and benefit analysis to produce balanced arguments to support financial proposals

risk management to assess probability and consequences of any potential negative event

investment analysis to evaluate capital expenditure proposals NPV IROR etc

negotiating agreement on budgets and financial plans with the relevant managers

relating to people from a range of social cultural and ethnic backgrounds and physical and mental abilities

arranging and delivering training to ensure team members and other managers understand the budgetfinancial planning objectives and processes

analysing and interpreting positive and negative variances from budgetplan determining the reasons therefore and identifying potential actions to remediate the situation

developing and implementing systems to ensure financial performance records are collected maintained and properly reported

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

A person who demonstrates competency in this unit must be able to prepare and manage budgets and financial plans in the aviation maintenance organisation environment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Assessors must be satisfied that the candidate can competently and consistently perform all elements of the unit as specified by the criteria including required knowledge and be capable of applying the competency in new and different situations and contexts

Assessors should gather a range of evidence that is valid sufficient current and authentic Evidence can be gathered through a variety of ways including direct observation supervisors reports project work samples and questioning Questioning techniques should not require language literacy and numeracy skills beyond those required in this unit of competency

Context of and specific resources for assessment

This unit may be assessed on the job off the job or a combination of both on and off the job Where assessment occurs off the job that is the candidate is not in productive work then an appropriate simulation must be used where the range of conditions reflects realistic workplace situations The candidate must have access to all materials and documentation required and must be permitted to refer to any relevant workplace procedures codes standards manuals and reference materials The assessment environment should not disadvantage the candidate

Method of assessment

Guidance information for assessment

Legislation, codes and national standards relevant to the workplace

Strategic opportunities

Budgets and plans

Relevant groups and individuals

Investment target rates

Capital expenditure

Legal and ethical obligations

Supporting evidence

Delegations

Accountabilities and responsibilities

Training activities

Delegations and budget accountabilities

Audit requirements

Risk management

Appropriate non-financial objectives